We are very happy to introduce ourselves as a Financial Service provider named as VARTAK FINANCIAL SERVICES. This firm is under the proprietorship of Mr. Jagdish Vishnu Vartak. Vartak Financial Services is passionate in providing End to End Banking, Financial and Exclusive Marketing support to Real estate Builders for their Residential and Commercial Projects. We are specialist in providing services for home loan. Also we are act as a helping hands to search properties in your own location in your budget.

Stages wise support:
• Starting from Project Approval from Nationalized, Private Banks and NBFCs
• Construction project finance ( If Required)
• Home loans to all our customers with Door Step Service.
• Mortgage Loans on if any unsold inventory held in the projects.
• Refinance or Balance Transfer Loans for Residential and commercial projects for better interest terms.
• We will help in the marketing by referring interested buyer s in our existing network of clients.
• Lease Rental Discounting (LRD) on commercial lease Income lessor on best interest rate Terms.

Vartak Financial Services will work with Builder's starting from project approval to successfully completion of projects as an associate partners.

Vartak Financial Services Offers Following Products:
• Personal Loan
• Home Loan
• Loan Against Property
• Project Loan
• Business Expansion Purpose Loan
• BT + Top Up Loans
• Vehicle Loans ( T/W, Four Wheeler, Commercial Vehicles)
• All Type of Loans.

Home Loan
What Is Home Loan?
Home loan is a loan an individual can avail to purchase a residencial property like Flat, Row house, Bungalow or residential plot purchase with construction comes under home loan. A co-applicant is necessary for a person to apply for home loan.


Eligibility

Parameter Criteria
Family Income Greater Than or Equal to Rs. 1,80,000/ year
Min & Max Age A. 23 to 65 yrs for self-employed
B. 21 to 65 yrs for salaried person
Resident Type Indian & NRI
Employment type Salaried & Self-employed
Min Experience Min. 1 yr. in some & 3 yrs for self employed
Repayment Tenure 12 to 240 months (max we can take 30 yrs loan tenure)
Loan Amt 10 Lacs to 50 Crores
Loan to value A. 90% loan on agreement value up to 35 lacs
B. 85% loan on agreement value (35 to 75 lacs)
C. 75% loan on agreement value above 75 lacs
Monthly obligation All running loans EMI is called obligations.
Existing loan Obligation • loan obligations should not more than 50% of net income.
• New loan with closure of existing loan is a good option any time
Interest Rates Between 8.30% to 10.00% ( reducing interest).
Existing loan DPD Not allowed or provide valid justification for the same
Existing loan overdue charges If current overdue – not allowed or required proper justification or any other running loans clean track for support
CIBIL score > 700 +( subject to clean loan repayment in all running or past yrs) or go with compatible bank.
Banking track • Clear banking with healthy transaction with Inward & Outward bounces for Premium banks.
• If poor banking with some inward bounce – please prefer B category banks / NBFC’s.
Property Legal • All approved property from proper authorities with clear title of property ownership – Eligible.
• For any critical legal issue – check compatibility with the respective bankers / NBFC’s first - check first.
Customer sign All the documents must be self attested by customer.


List Of Documents

Applicant & Co-applicant:
A. KYC Documents
• Colour Photo
• PAN Card
• Aadhar Card
• Current Address Proof

B. Banking
• Latest one year bank statement of all accounts for self employed
• Latest 6 month bank statement for salaried customer.

C. Proof Of Income
Salaried
• Latest 3 months salary slip
• Latest 2 years form 16/ form 26AS
• Appointment letter/ Experience certificate

Self Employed
• Shop Act License / SSI certificate / Any other govt. certificate
• Last 3 years ITR set along with CA certified Balance sheet, profit & loss, computation of income, Tax Audit report and all schedule of balance sheet
• Shop Act License / GST certificate.

Property Documents:
• Copy of property documents
• Copy of approved sanction plan of property
• Commencement Certificate / Completion Certificate / Any other applicable documents as per the law of the State / Government.
• If Co-operative Housing Society – Society Certificate & Share Certificate / Any other applicable documents as per the law of the state / Government.
• Other docs like Zone Certificate.

Firm / Company Documents ( For Self Employed):
• PAN Card
• Partnership Deed for Partnership Firm.
• MOA & Incorporation Certificate for Pvt. Ltd. Company.
• Office Address Proof
• Last 3 Yrs ITR & Tax Audit Reports.
• GST Registration.

Existing Loan Details:
• Welcome Letter
• Sanction Letter
• Statement of Loan Account

CIBIL Issues – Detail documents required from customer related to loans ask by Bankers.

Interest Rates

Bank Rate of Interest (%)
Bajaj Housing Finance Ltd 8.75 10.00
HDFC LTD 8.30 9.50
Mahindra Hsg. Fin. 9.50 12.50
IDBI Bank Ltd 8.75 9.50
Saraswat Bank 8.65 9.65
Bank Of India 8.50 10.00
Bank Of Baroda 8.15 9.00
State Bank Of India 8.15 9.50
Union Bank Of India 8.25 9.50


EMI Calculator

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